GE, Trade Bank of Iraq (TBI) and Standard Chartered Bank (SCB) have signed a financing memorandum of understanding (MoU) to accelerate the development of power and infrastructure projects in Iraq.
The agreement also underlines the

The Organization of Petroleum Exporting Countries has reached a deal to cut production by 1.2 million barrels per day (bpd) - its first output cut since 2008 - to clear a record global crude glut, said a report, citing sources.
Op

Iraq has awarded US-based General Dynamics Land Systems a $65.29 million cost-plus-fixed-fee foreign military sales contract for contractor logistic support and training for M1A1 tanks and M88A2 recovery vehicles, said a report.
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Iraq will offer three new proposals at the Opec meeting in Vienna, Austria on November 30 to discuss implementing an Opec accord to cut output, a senior government official said.
The options will be consistent with Opec policy and

Protechnique, an international contractor in the fields of water and waste water treatment, healthcare, and oil and gas supply, has been awarded a $80-million contract for the engineering, procurement and construction (EPC) of the Basra water pu

Iraq is postponing a bidding round for 12 small- and medium-sized oil fields, a report said.
“Following to the previous Ministry of Oil Announcement dated October 23 concerning its intention to lunch a Project for the develo

Iraq is postponing a bidding round for 12 small- and medium-sized oil fields, a report said.
“Following to the previous Ministry of Oil Announcement dated October 23 concerning its intention to lunch a Project for the develo

The South Oil Company (SOC) of Iraq is expected to invite international companies to execute its sea water desalination project.
Iraqi Oil Minister Jabar Ali Al-Luaibi has directed the company to invite foreign firms to undertake

The South Oil Company (SOC) of Iraq is expected to invite international companies to execute its sea water desalination project.
Iraqi Oil Minister Jabar Ali Al-Luaibi has directed the company to invite foreign firms to undertake

The South Oil Company (SOC) of Iraq is expected to invite international companies to execute its sea water desalination project.
Iraqi Oil Minister Jabar Ali Al-Luaibi has directed the company to invite foreign firms to undertake